The MFSA has issued a circular on the Market
Abuse Regulation (MAR), specifically on its findings following
several onsite compliance visits which it has been conducting to
assess issuers' compliance with the Regulation. We have
prepared a brief summary of the MFSA's key findings and
recommendations, which we set out below.
While the MFSA noted that by and large issuers have relatively
good measures in place to mitigate their susceptibility to market
abuse, the MFSA also noted that certain procedures need to be
improved and enhanced. In particular, the MFSA has asked issuers to
improve their communication with insiders and their persons
discharging managerial responsibilities (PDMRs).
